What were Benihana's cash and cash equivalents as of December 31, 2021?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
f directors, the Company's public statements, operating plans, and industry data to identify any evidence that may contradict management's assumptions
- We tested the completeness and accuracy of the underlying source information used by management to identify quantitative indicat
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the company's cash and cash equivalents as of December 31, 2021, were $23,614. This figure represents the amount of readily available cash and assets that Benihana had on hand at that specific point in time.
For a prospective franchisee, understanding the franchisor's cash position can be important. A healthy cash balance suggests financial stability and the ability to support franchisees. However, it is just one indicator among many. Franchisees should also consider other financial metrics and trends.
It's worth noting that cash and cash equivalents can fluctuate due to various factors, including seasonal sales, investments, and debt obligations. Therefore, it is advisable for potential franchisees to review Benihana's financial statements over multiple periods to gain a more comprehensive understanding of their financial health.